If you love the EUR/JPY and you know it... clap your hands! | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

Your own HOLY Grail (and how you know you've found it) 19 replies

Trade What You Know and Know What You Trade 4 replies

Know Yourself, Know Your Setup, by Boris Schlossberg 9 replies

dont fall in love with your daily return 11 replies

Im in love with eur/jpy! 0 replies

Attachments: If you love the EUR/JPY and you know it... clap your hands!
Exit Attachments

If you love the EUR/JPY and you know it... clap your hands!

  • #361
  • May 3, 2009 4:59pm May 3, 2009 4:59pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Low
After a bit more thought, my trading plan concluded the following in regards to candle color:

"looking for green opportunities, but will take red ones if they're offered."

What is your strategy Low?

What is your 'entry signal'?


Magnus
  • #362
  • May 3, 2009 5:03pm May 3, 2009 5:03pm
In all honesty I wasn't implying anything anyway. I thought it was simply interesting. I hate predicting the martket. I'm trying more and more to let the market tell me where it's going.

The last weekly bar looks bullish with a medium term correction to 147.50 61.8% fib area looking good from a technical perspective, however we could be in a medium term consolidation for a futher push below 112.00 at some point in the next few months.

Who knows!?

JC
  • #363
  • May 3, 2009 5:17pm May 3, 2009 5:17pm
Quoting Yuppie
Hey, that's pretty cool. I shunned systems development a few years ago after spending 18+ hours a day, every day, for months on end and not finding the H.G.

Now that I'm having some success with discretionary methods I think I'll have a little look into this kind of thing again. See if the edge I have can be 'sharpened'...

Cheers JC.


Magnus
I would not base any entry decisions based on stats, however what I would do is look at adjusting risk, within certain tolerences, and position sizing based on stats. Not planning to do this, but just a thought.

JC
  • #364
  • May 3, 2009 5:49pm May 3, 2009 5:49pm
Quoting Yuppie
What is your strategy Low?

What is your 'entry signal'?


Magnus

At risk of being laughed off of this and all other FX forums, I am hesitant to post "my strategy".

It could be profitably executed by a blind, retarded hamster.

And sometimes I lose money doing it. LMAO.

Give me a little bit, and maybe I'll outline here, because I must say, my entries are the sloppiest part of it all.

Like a blind man throwing darts at buy and sell buttons.

I'll get back to you.
  • #365
  • May 3, 2009 8:13pm May 3, 2009 8:13pm
Quoting Yuppie
Okay, thank you for your reasoning for the trade. Interesting to know.

Roll-on gap!


Magnus
It did not open lower so I am out of shorts.
  • #366
  • May 3, 2009 9:01pm May 3, 2009 9:01pm
The open looks just like last Sunday....only upside down.

Green opportunities it is.

Has anybody seen my margin? I could've sworn I had some more laying around here somewhere.

I love my BE stops.
  • #367
  • May 4, 2009 1:15am May 4, 2009 1:15am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Low
At risk of being laughed off of this and all other FX forums, I am hesitant to post "my strategy".

It could be profitably executed by a blind, retarded hamster.

And sometimes I lose money doing it. LMAO.

Give me a little bit, and maybe I'll outline here, because I must say, my entries are the sloppiest part of it all.

Like a blind man throwing darts at buy and sell buttons.

I'll get back to you.

Cool, just when you said:


"looking for green opportunities, but will take red ones if they're offered."


I had a flashback to the many posts that money4nothin was plastering all over FF... lol...


Magnus
  • #368
  • May 4, 2009 1:19am May 4, 2009 1:19am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
S/R levels at .20, .00 and .50.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-04_eurjpy_1.gif Size: 19 KB
  • #369
  • May 4, 2009 1:33am May 4, 2009 1:33am
Quoting Yuppie
I had a flashback to the many posts that money4nothin was plastering all over FF... lol...


Magnus

I'm not a follower, but I've looked at that stuff. Really profitable....if you're a broker.
  • #370
  • May 4, 2009 1:52am May 4, 2009 1:52am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Bullish-Englufing candle on the weekly. The overall trend is down, but recent trend is up.

For me, this will remain in the back of my mind incase I end up running a position.

It's not any part of a setup in itself.


Magnus
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-04_eurjpy_2.gif Size: 21 KB
  • #371
  • May 4, 2009 2:52am May 4, 2009 2:52am
Being a bit of a contrarian I'm always looking for a reason to go against the trend, but I can't see one ATM.

The trend is up(H1,H8 and H4), we've just passed the monthly pivot(130.50).
The next serious res is around 134.

My conclusion is she'll continue up for a bit and then retrace down to around 130-128.

But I'll play the lower TF's and do what she tells me in the meantime lol.

Great thread BTW - about time someone started an EY thread.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 124 KB
  • #372
  • May 4, 2009 5:34am May 4, 2009 5:34am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting stewrigh
Being a bit of a contrarian I'm always looking for a reason to go against the trend, but I can't see one ATM.

The trend is up(H1,H8 and H4), we've just passed the monthly pivot(130.50).
The next serious res is around 134.

My conclusion is she'll continue up for a bit and then retrace down to around 130-128.

But I'll play the lower TF's and do what she tells me in the meantime lol.

Great thread BTW - about time someone started an EY thread.

Cool, let's see if this pans out.

Thanks, this thread is picking up momentum and will hopefully continue in this way.

There was actually an E/J thread started back in 2005 (long before I got here and since fizzled out) and one or two short-lived ones since. Thought I'd start one where I could post to my hearts content without fear of being kicked out - mind you, still possible...


Magnus
  • #373
  • May 4, 2009 5:41am May 4, 2009 5:41am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
The circled swing high on the attached 15-min chart is the very first lower-high that has occurred below a previous swing low in a week.

The up move has been absolutely solid!
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-04_eurjpy_3.gif Size: 28 KB
  • #374
  • May 4, 2009 5:44am May 4, 2009 5:44am
Hi, Im a big fan of E/J. Ive just gone short a while ago on a close beneath the 1 hr 24 ema, a bounce off the 61% fib from the recent high, and beautiful divergence to MACD. She's had a big run up and im targeting the daily pivot as my first TP. Lets see what happens...
Attached Image (click to enlarge)
Click to Enlarge Name: tt.gif Size: 22 KB
FF journal: Peaks and Troffs
  • #375
  • May 4, 2009 5:47am May 4, 2009 5:47am
My 15 min chart and target for 2nd Tp.
Attached Image (click to enlarge)
Click to Enlarge Name: uu.gif Size: 15 KB
FF journal: Peaks and Troffs
  • #376
  • May 4, 2009 5:52am May 4, 2009 5:52am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
PnF, 0.05 pip box-size... channelling...
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-04_eurjpy_4.gif Size: 29 KB
  • #377
  • May 4, 2009 5:55am May 4, 2009 5:55am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting bogus
My 15 min chart and target for 2nd Tp.

I'd be looking to go long in that area... so, that ties in well.


Magnus
  • #378
  • May 4, 2009 6:07am May 4, 2009 6:07am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
'tis been a day for shorting so far.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-04_eurjpy_5.gif Size: 49 KB
  • #379
  • May 4, 2009 7:07am May 4, 2009 7:07am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Well, those lines drawn in earlier today at .20, .00 and .50 never really held any weight.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-04_eurjpy_6.gif Size: 19 KB
  • #380
  • May 4, 2009 7:26am May 4, 2009 7:26am
Quoting Yuppie
Well, those lines drawn in earlier today at .20, .00 and .50 never really held any weight.
But that also tells a story.

JC
0 traders viewing now